East Asia Minerals Corporation (TSXV:EAS) (the “Company”) announces that it has received approval from the TSX Venture Exchange to amend the exercise price of 5,594,053 outstanding common share purchase warrants (the “Warrants”) of the Company issued to Tocqueville Asset Management L.P. The Warrants were originally issued in 2014 and 2015. The exercise price of the share purchase warrants has been amended from $1.00 per common share to $0.50 per common share.
In accordance with TSX Venture Exchange Policy 4.1, the Warrants will be subject to a reduced exercise term of 30 calendar days (the “Exercise Period”) if, for any ten consecutive trading days during the unexpired term of the Warrants, the closing price of the Company’s shares exceeds the “trigger price” of $0.60. If a warrantholder does not exercise their Warrants which are subject to the Exercise Period during the term of the Exercise Period, the Warrants will expire at the end of the Exercise Period.
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For further information, visit the Company’s website at www.eastasiaminerals.com
East Asia Minerals Corporation
Terry Filbert, Chairman & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements in this News Release, which are not historical in nature, constitute “forward looking statements” within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning future work programs, results and timing of any work programs, the Company’s performance or events as of the date hereof. These statements reflect management’s current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward looking statements. Those risks include the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project’s output will not be salable at a price that will cover the project’s operating and maintenance costs. Forward-looking statements should not be construed as investment advice. Readers should perform a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision. Accordingly, readers should not place undue reliance on any forward-looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward looking statements to reflect events or changes in circumstances that occur after the date hereof.